India-based budget hotel chain Imperativ Hospitality has raised INR1.1 billion (approximately US$17 million) in a Series B funding round from Samena Capital, a principal investment group focused on South Asia, the Middle East and North Africa. Through the investment, Samena has acquired a 33 percent stake in the company, which… Read More
EverSource Capital, a green infrastructure-focused investment platform formed by India- and Southeast Asia-focused private equity firm Everstone Capital and India- and U.K.-based solar energy company Lightsource BP, has reached a first close for the Green Growth Equity Fund (GGEF) with GBP240 million (approximately US$344 million) in capital commitments. The U.K. Read More
Pan-African food and agriculture-focused private equity fund manager EXEO Capital and Norwegian development finance institution Norfund have invested US$17 million in East Africa-based flower producer Marginpar Flower Group Holdings. EXEO Capital invested through Agri-Vie Fund II. The new capital has helped to finance the Marginpar Flower Group’s acquisition of Kenya-based… Read More
China- and U.S.-focused venture capital fund manager Qiming Venture Partners has closed three new funds with US$1.4 billion in total capital commitments. The funds include Qiming Venture USD Fund VI with US$935 million, Qiming Venture RMB Fund V with CNY2.1 billion (approximately US$335 million) and Qiming U.S. Healthcare Fund I… Read More
Senegal-based classified advertisement platform CoinAfrique has raised EUR2.5 million (approximately US$3 million) in a Series A funding round. Investors in the round include Sub-Saharan Africa-focused impact investment firm Investisseurs & Partenaires, as well as a pool of investors represented by co-investment platform French Partners and Francophone Africa-focused retailer Mercure International. Read More
Senegal-based classified advertisement platform CoinAfrique has raised EUR2.5 million (approximately US$3 million) in a Series A funding round. Investors in the round include Sub-Saharan Africa-focused impact investment firm Investisseurs & Partenaires, as well as a pool of investors represented by co-investment platform French Partners and Francophone Africa-focused retailer Mercure International. Read More
CITIC Capital Partners, the private equity arm of alternative investment management and advisory firm CITIC Capital, has acquired a majority stake in China-based Jiangsu SKY Facility Management (SKYFM). SKYFM provides facility management services such as security and cleaning to a wide range of Chinese companies and institutions. CITIC Capital Partners,… Read More
Global alternative investment firm Lone Star Funds and India-based power, cement and mining conglomerate RattanIndia Group have jointly invested INR26 billion (approximately US$398 million) to launch RattanIndia Finance, a non-banking financial company. Lone Star and RattanIndia will each own a 50 percent stake in the company, which will provide loans… Read More
Pay per TIC, an Argentina-based online payment and collection services platform, has raised a new funding round with participation from Latin America-focused accelerator and early-stage investment firm NXTP Labs. The company, which has operations in Argentina and Spain, will use the funding to consolidate its presence in Argentina and expand… Read More
Brazil-based online personal investment consultancy Magnetis has raised BRL17 million (approximately US$5 million) in a Series A funding round led by emerging markets fintech-focused venture capital firm Vostok Emerging Finance and Latin America-focused early-stage venture capital firm Monashees Capital. Redpoint e.ventures and unnamed angel investors also participated in the round. Read More
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